Market Moves: Manufacturing - Mar 16th, 2024
 
 
The EPA finalizes plan to protect vulnerable communities from chemical accidents
Market Moves: Manufacturing | View online
 
March 16, 2024
From the Editor

With Industry 4.0 in full swing, manufacturers are thinking of new ways to inject life into the sector, whether through AI, additive manufacturing, augmented reality and more. But with these new approaches comes a unique problem: shaping the legalities and regulations around it, which we’ll partially tackle in this edition. There are also broader trends to consider, such as climate change, which has a distinctive effect on smaller manufacturers as you’ll read later. But first, Boeing continues to face the fallout from its highly publicized safety failures, this time dealing with a series of non-compliant procedures in its manufacturing, and the EPA confirms its strongest ever protections against chemical accidents.

Every year, new technology is introduced. However, it can be hard to sift through what works, what’s realistic, and what’s useful. IndustryWeek, one of Endeavor Business Media’s brands, puts out an annual technology survey that helps filter through the noise and bring stories on what really matters to manufacturers. If you’d like to contribute, you can find the survey right here.

       Jennifer Ramsay

 

Of the 89 production process audits conducted by the FAA, Boeing failed 33 of them.
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RMP facilities' accidental releases cost roughly $540 million per year.
EU regulators want to establish a legal framework for general-purpose AI, and U.S. laws may evolve similarly.
Reasons include lacking confidence and unrealistic expectations, but workable solutions exist.
While DfAM's existing benefits are substantial, it's realistically still a work in progress.
Larger firms are less affected by temperature shocks—a trend that is driving industry consolidation.
While the idea makes sense in terms of the supply chain, it doesn't benefit in-house know-how.
A new plant will come online this year and use large-format 3D printers to create complex stainless components.